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Brian K. McCarthy, the Chief Revenue Officer of Rubrik, Inc. (NASDAQ:RBRK), recently executed a significant stock transaction. According to a recent SEC filing, McCarthy sold 85,001 shares of the company’s Class A common stock on March 21, 2025. The shares were sold at an average price of $70.0442 each, amounting to a total transaction value of approximately $5.95 million. The transaction comes amid Rubrik’s impressive 135% stock surge over the past six months, with shares now trading at $74.28.
Following this sale, McCarthy retains ownership of 433,909 shares in Rubrik. This transaction was part of a sell-to-cover strategy to address tax obligations related to the vesting and settlement of certain restricted stock units (RSUs).
Additionally, the filing detailed other transactions involving restricted stock units and Class B common stock, which were converted into Class A common stock. However, these transactions did not involve any direct monetary exchange.
Rubrik, Inc., headquartered in Palo Alto, California, is a company specializing in prepackaged software services. The company, currently valued at $13.94 billion, has demonstrated strong revenue growth of 41% in the last twelve months. According to InvestingPro data, analysts maintain a bullish outlook on the stock, with a consensus target price suggesting further upside potential.
In other recent news, Rubrik Inc. has reported strong financial performance, capturing attention from several analyst firms. The company’s impressive fourth-quarter results for fiscal year 2025 included better-than-expected annual recurring revenue (ARR), total revenue, and free cash flow (FCF), as noted by Truist Securities, which reaffirmed a Buy rating and a $90 price target. Piper Sandler also expressed confidence by raising Rubrik’s price target to $87, emphasizing the company’s significant growth in cloud-based services and its robust ARR increase of 67%. Meanwhile, BMO Capital Markets increased their price target to $77, maintaining an Outperform rating, and highlighted Rubrik’s accelerated net new subscription ARR growth and strong FCF results.
Guggenheim analysts raised their price target to $80, reiterating a Buy rating, citing Rubrik’s innovative approach to cybersecurity challenges and its strong New Annual Recurring Revenue growth. KeyBanc Capital Markets adjusted their price target to $82, maintaining an Overweight rating, after Rubrik’s robust fourth-quarter results and promising fiscal year 2026 guidance. Despite the price target reduction, KeyBanc remains optimistic about Rubrik’s growth potential, attributing it to factors such as enhanced security functionality and a shift towards Backup as a Service (BaaS).
These recent developments highlight Rubrik’s strategic positioning and potential for continued growth in the competitive data security and cloud services markets. The company’s ability to capture market share and expand its enterprise customer base is supported by its unique offerings in cyber resiliency and data security posture management. Analyst firms have recognized Rubrik’s strong financial performance and growth prospects, reflecting confidence in the company’s future trajectory.
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